cyprus maritime authority Archives

Limassol Boat Show Prepares for Eighth Edition

The Limassol Boat Show 2024, scheduled from May 23 to May 26 at Limassol Marina, is the largest boat show in the Eastern Mediterranean, attracting over 35,000 visitors and 120 exhibitors, showcasing the latest marine technology and yachts. Prepare for a spectacle of sea and splendor as the event promises an electrifying fusion of luxury, innovation, and entertainment, offering a hub of maritime mastery, leisure, and adventure for enthusiasts of all ages and interests.

Cyprus Shipping Registry Expands Amidst Global Challenges

By Demis Papadopoulos

The International Investment Conference 2024 in Cyprus aimed to strengthen business ties between Cyprus and Great Britain, focusing on promoting the growth of Cyprus’s maritime sector amidst global economic and geopolitical challenges. Industry leaders came together to exchange ideas and strategize on enhancing the competitiveness and appeal of the maritime industry despite current hurdles.

Cyprus Business Now: Weekly Wrap-up

By Demis Papadopoulos

Cyprus takes the lead in maritime sustainability, endorsing the NetZero Industry Act proposal and positioning itself as a global pioneer. In other sectors, the nation celebrates Keve’s 97th anniversary, anticipates business loan rate reductions, and emphasizes corporate governance for enhanced performance and transparency.

Cyprus Business Now: Weekly Wrap-Up

By Demis Papadopoulos

Cyprus is abuzz with growth as its property sector flourishes, highlighted by the REALTYon event and Larnaca’s emergence as an investment hub. The country’s economic landscape is improving, with a notable reduction in the trade deficit and alignment with Eurozone fiscal policies, while initiatives in maritime, tourism, banking, telecommunications, and digital protection further showcase Cyprus’s dynamic and forwardthinking approach.

Cyprus Bolsters Maritime Ties at European Cruise Summit

By Demis Papadopoulos

Cyprus made strides at the European Cruise Summit in Genoa by advocating for sustainability, women’s employment, and enhancing EU port competition. Deputy Minister of Shipping, Marina Hadjimanolis engaged in critical discussions, showcasing Cyprus’s commitment to a diverse, competitive, and environmentallyconscious maritime industry.

Cyprus’ Triumph at IMO Election Despite Opposition

By Demis Papadopoulos

Cyprus triumphed in the IMO elections, maintaining its position in the Council’s Category C despite opposition from the Turkish bloc and Russian resistance. Deputy Minister Hadjimanolis’ leadership showcased Cyprus’ maritime influence and commitment to sustainable shipping practices, solidifying its stance as a key player in global maritime affairs.

Limassol Shipping Forum to Highlight Cyprus as Maritime and Business Hub

By Demis Papadopoulos

The Capital Link Cyprus Shipping Forum in Limassol will spotlight Cyprus as a key maritime and business center, bringing together global stakeholders to discuss industry advancements and investment prospects. This prestigious event, supported by the Deputy Ministry of Shipping and Maritime Cyprus, promises networking opportunities and insights into the future of the maritime sector.

Expanded US Sanctions Target Cypriot Shipping Firms

By Demis Papadopoulos

The United States has targeted Cypriot shipping firms Azoria Shipping Company Limited, Elixon Shipping Company Limited, and Glorina Shipping Company Limited with sanctions, in a bid to disrupt financial support for Russian aggression on the second anniversary of the invasion of Ukraine. The crackdown on maritime connections highlights the strategic enforcement by the US to impede Russia’s financial inflows and hold accountable those enabling or engaging in sanction evasion, with broader implications felt in Cyprus and beyond.

Cyprus Business Now: A Year of Achievements

By Demis Papadopoulos

In the past year, Cyprus has achieved several significant milestones in its business sector. The Bank of Cyprus was honored as the “Bank of the Year” by The Banker, while Keve elected Stavros Stavrou as its new president. Cyprus was also reelected to the International Maritime Organisation (IMO) Council, and the Cyprus Stock Exchange reported a profit increase, indicating a resilient market.